ETHUSD 8h: Trend channel up to 600 USD.

The current trend channel was already visible on 2 August. Compare it to my chart. Now this trend channel has been further confirmed. Therefore, I expect a maximum correction down to about 320/300. If 300 falls next support at 275/260, then 220. but that's not going to happen after my analysis. Then it could go further up. But be watchful. Maybe the correction at btc will not be so strong according to the technical analysis. I see a positive development for all cryptos until end of the year.

Let's see what happens. Happy trading. :-)


See also chart from 2. Aug:

and:

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view from a distance.

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maybe we saw lowest low at 270/275.

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if the breakthrough at 335 will be confirmed in the next few hours, another up is possible.

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strong support at 300. okay. up could be expected.

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support at 260. if it fails, next at 235.

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lowest low? maybe yes.

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ETHUSD (8h) close-up of the current situation